Ann: PLS: Altura Creditors Approve Deed of Company Arrangement, page-66

I feel the pain of holders as I lost many tens of thousands on AJM.

I too had misguided faith. In hindsight, the debt was almost insurmountable and the interest rates a killer. I'll never make that mistake again and will only invest in companies with a very solid balance sheet or cash position.

I always held other Lithium stocks and bought more PLS when I got wind they may take over the AJM assets. I've made all my AJM losses back on PLS.

The whole sector looks ready for a very good run in the years ahead.

I guess the point is - we were all right and had the right idea. We just picked the wrong company but in the right sector. There are plenty of good ones including a few emerging companies that remind me of AJM, but without the debt hanging over them. They will likely succeed as they are structured better and the timing is right.

Don't dwell too much on the losses here - you can get them all back over time by buying the EV thematic in good stocks whether that be Lithium, Nickel, Graphite, Copper or whatever. I thought it would take years to get back to square but it took several months - and after all the pain and suffering the last few years, I now want my profits over the coming years. We could be about to enter another supercycle for these commodities.

All the best and hope everyone can put their learnings into practice and improve their chances in the future.